Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares saw an uptick in trading volume on Friday . 1,140 shares changed hands during mid-day trading, an increase of 25% from the previous session's volume of 910 shares.The stock last traded at $101.60 and had previously closed at $108.66.
Formula Systems (1985) Price Performance
The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The business's fifty day moving average is $96.34 and its 200 day moving average is $93.26. The firm has a market capitalization of $1.60 billion, a P/E ratio of 21.71 and a beta of 0.93.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The firm had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be given a dividend of $0.9728 per share. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a dividend yield of 1%. Formula Systems (1985)'s payout ratio is 11.88%.
Institutional Trading of Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its holdings in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities and Exchange Commission. 34.76% of the stock is owned by institutional investors.
Formula Systems (1985) Company Profile
(
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Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.
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